Correction towards & below
next supports
Nifty-Intra Day Chart Analysis &
Market Outlook(22-02-2022)
Nifty-Intra Day Chart (21-Feb-2022):-
Technical Patterns formation in today intraday charts
1- 205 Points sharp fall in first 25 minutes
2- Slow up moves from lower levels
3- Selling between 17290-17351(immediate Resistances)
4- Down moves with upward corrections
5- Whole day actual trading between 17071-17351
Conclusions from intra day chart analysis
Following lines were told on 19-02-2022 in "Sharp fall & deeper correction on cards":-
1- Averages are suggesting that deeper correction is on cards
2- firstly down moves will be seen in the beginning of next week towards the lowest of last 3 sessions(17220)
3- firstly down moves will be seen towards and below the lowest(17220) of last 3 sessions
As was told 100% same happened and Nifty crashed 205 Points sharp fall in first 25 minutes as well as closed below the lowest of last 3 sessions(17220) on 21-02-2022.
As whole day good selling on 21-02-2022 therefore correction will be seen in the coming sessions towards and below those next supports which have already been updated on 19-02-2022 in "Sharp fall & deeper correction on cards".